Shalibhadra Finance Ltd raises Rs. 19.50 crores via NCDs

Shalibhadra Finance Limited (BSE: 511754, NSE: SAHLIBHFI), a retail-focused NBFC catering to rural and semi-urban segments, has successfully raised ₹19.50 crore through the issuance of Non-Convertible Debentures (NCDs). The NCDs carry a coupon rate of 12% per annum and have a tenure of 24 months. The structure includes monthly interest payments, ensuring regular cash flows to investors, along with principal repayment scheduled on a six-monthly basis.

Commenting on this milestone, Mr. Vatsal M. Doshi, Managing Director, said, "This fundraise marks a key step in optimizing the company's liability profile and enhancing financial flexibility. We are pleased to have completed this NCD issuance, reflecting strong investor confidence in our business model. The structure supports efficient asset-liability management. The proceeds will support lending operations and help optimize the overall cost of funds while driving disciplined growth and long-term value creation."

Shares of SHALIBHADRA FINANCE LTD. was last trading in BSE at Rs. 82.46 as compared to the previous close of Rs. 82.95. The total number of shares traded during the day was 10340 in over 159 trades.

The stock hit an intraday high of Rs. 84.25 and intraday low of 82.20. The net turnover during the day was Rs. 857259.00.

Source : Equity Bulls

Keywords

SHALIBHADRAFINANCE INE861D01011 NBFC NCDs